Meyers corp has annual revenues of 450000 an average, Ask an Expert

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Meyers Corp. has annual revenues of $450,000, an average contribution margin ratio of 35%, and fixed expenses of $175,000. If 15,000 units of the new product could be sold at a price of $16.00 per unit, and the company's other business did not change, calculate Meyers's total operating income and average contribution margin ratio.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9795209

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